300cubits Begins Blockchain Shipping Demo Sessions

28 Jun 2018 09.29am

300cubits has announced that it is going through rounds of system demo sessions with users for its blockchain shipping platform.

Various carriers and shipper groups are preparing to become the Hong Kong-based firm’s first users after the pilot launch of the Booking Deposit Module, which uses 300cubit’s own cryptocurrency, the TEU Token, on the blockchain-based distributed computing platform Ethereum.

To highlight the capabilities of its Booking Deposit Module, 300 cubits has displayed the system at public events in US, Europe, Korea, China and Hong Kong.

In its announcement, 300cubits said that all the users who had tried its production system had found the user front end “intuitive”.

300cubits has envisioned that its digital asset transaction feature will be useful in smart contract exchanges such as bills of lading.

The firm stated that blockchain is still a “buzzword” in the container shipping industry, but added that it has observed “packed” blockchain-related conference sessions due to a lack of industry understanding of the technology.

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